What is a 'professional client'? Definition & meaning

More terms

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

SPAC

Find our what a SPAc or special purpose acquisition company is.

Yield to maturity (YTM)

What is yield to maturity and why is it useful?

Alpha

The percentage by which an investor outperforms a relevant benchmark.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Collective investment scheme

Learn what's a collective investment scheme

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Professional Client